Krungsri Securities has significantly raised its core profit estimates for PTTGC in 2026 and 2027. The 2026 forecast jumps 117 percent to 29.53 billion baht, while the 2027 estimate rises 64 percent to 17.225 billion baht. The broker also rolls forward its target price to 2027 at 50 baht per share and maintains a buy rating, naming PTTGC a top pick in the sector. Key drivers include the company’s ability to capture a premium in the second quarter of 2026, alongside tight energy supply that supports the refining business. Meanwhile, global petrochemical capacity restructuring is helping to reduce excess supply in the market. Land and Houses Securities shares a similar view on the third-quarter 2026 earnings trend, noting that the refining business remains PTTGC’s star performer after refining margins in the third quarter to date have improved sharply compared with the previous quarter.
PTT Global Chemical Public Company LimitedTighter energy supply and global petrochemical capacity restructuring reduce excess supply, boosting refining and petrochemical margins.
